1. !"#$%&'(#)*+,'&#-.,+%*/#0120#
#
!"#$%&'(')*&$+(,$-'&*+.$/'0(&*.$
!
!
!
"#$%&'(&)*+1$$
2#3"(+,$4'5#$
,%-(.-#$%&'(&)*+)1$$
6*5"7+89+:+(;+7+.+$+(,$<+85"+.$=+;#.$
$
$
$
$
$
$

2. -;0,9$>0*,#$?'8$:/$2',#.$@(*;#,$A+;*'(5$BCDB$
6>%AE6-1$!
!
DF-G/HGI%/GAG2H/$E%J%KG=2%A!$6AE$-!64HKH!L$GM$!<%$
2HEEK%$%6-!$6AE$AGN!<%NA$6MNH/6$O2%A6F$N%>HGA$
$
BF$!<%$%@NGPGA%$E%4!$/NH-H-$
$
$
$

3. 63#(,+$A'$DQ$
-G/HGI%/GAG2H/$E%J%KG=2%A!$6AE$-!64HKH!L$GM$!<%$$$
2HEEK%$%6-!$6AE$AGN!<%NA$6MNH/6$O2%A6F$N%>HGA$
G*.$*5$7"+;$;"#$)',#8($2*,,.#$%+5;#8($3#'R'.*;*&5$"+5$050+..9$S##($
+S'0;Q$>*T#($;"#$T+5;$#(#839$8#5'08&#5$;"+;$?'8)$;"#$S+&US'(#$'?$
7#5;#8($#&'(')*#5V$*(?.0#(&#$+(,$*(T'.T#)#(;$*($;"#$2*,,.#$%+5;$"+5$
S##($'?$R+8+)'0(;$*)R'8;+(&#$?'8$;"#$?'8)#8$+(,$&088#(;$*)R#8*+.$+(,$
50R#8$R'7#85V$*(&.0,*(3$M8+(&#V$48*;+*(V$@-6$+(,$;"#$?'8)#8$-'T*#;$
@(*'(Q$=8*'8$;'$;"#$,*5&'T#89$'?$'*.V$;"#$8#3*'($"+,$S##($+$5'08&#$?'8$
8#.*3*'05$&'(?.*&;$+(,$7+85$'T#8$';"#8$8*&"$8#5'08&#5$+(,$.+(,Q$!"#$
,#&.*(*(3$G;;')+($%)R*8#$R+T#,$7+9$?'8$;"#$8*5*(3$%08'R#+($*)R#8*+.$
+(,$&'.'(*+.$R'7#85$*(;#8#5;#,$*($5#&08*(3$T+8*'05$;#88*;'8*#5$+(,$
&'(;8'..*(3$+&&#55$;'$65*+Q$H($)'8#$8#&#(;$;*)#5V$*(;#8#5;$*($;"#$8#3*'($"+5$
S##($,0#$;'$;"#$#(#839$8#5'08&#5$;"#8#Q$
H($#+8.9$BCDDV$#W;#(5*T#$+(;*I3'T#8()#(;$R8';#5;5$5R8#+,$8+R*,.9$
;"8'03"'0;$;"#$2*,,.#$%+5;$+(,$A'8;"$6?8*&+$8#3*'(V$&+05*(3$R'.*;*&+.$
&"+(3#$*($%39R;V$K*S9+$+(,$!0(*5*+V$+(,$0(R8#&#,#(;#,$0(8#5;$*($';"#8$
R+8;5$'?$;"#$8#3*'(Q$H($K*S9+V$;"#$&8*5*5$,#T#.'R#,$*(;'$+8)#,$&'(?.*&;V$
+(,$S9$;"#$#(,$'?$-#R;#)S#8$BCDDV$7#..$'T#8$+$)*..*'($R#'R.#$"+,$.#?;$
K*S9+V$)+*(.9$?'8$%39R;$+(,$!0(*5*+$+(,V$;'$+$.#55#8$#W;#(;V$';"#8$
(#*3"S'08*(3$&'0(;8*#5$+(,$5'0;"#8($%08'R#Q$H($+,,*;*'(V$*;$*5$#5;*)+;#,$
;"+;$)'8#$;"+($BCCVCCC$R#'R.#$S#&+)#$*(;#8(+..9$,*5R.+&#,$7*;"*($K*S9+$
*;5#.?Q$
6;$;"#$8#X0#5;$'?$;"#$!0(*5*+($+(,$%39R;*+($>'T#8()#(;5V$@A</N$
)'0(;#,$+$8#.*#?$#??'8;$+;$;"#*8$S'8,#85$7*;"$K*S9+$7*;"*($;"#$?*85;$?#7$
7##U5$'?$;"#$#)#83#(&9Q$-0RR'8;*(3$;"#$#??'8;5$'?$&'(&#8(#,$&'0(;8*#5$
;'$#T+&0+;#$;"#*8$(+;*'(+.5V$@A</N$&"+8;#8#,$)'8#$;"+($DDY$+*8&8+?;5$+5$
R+8;$'?$;"#$Z'*(;$HG2[@A</N$<0)+(*;+8*+($%T+&0+;*'($'R#8+;*'($?'8$
;"*8,I&'0(;89$(+;*'(+.5Q$2#+(7"*.#V$@A</N$+(,$*;5$R+8;(#85$*($K*S9+$
&'(;*(0#,$;'$)+*(;+*($;#.#R"'(#$"';.*(#5V$+(,$R8'T*,#$5')#$+55*5;+(&#$
+(,$&'0(5#..*(3$;'$8#?03##5$7"'$7#8#$(';$+S.#$;'$8#.'&+;#$'8$"+T#$('$
+&&#55$;'$S+5*&$5#8T*&#5Q$M08;"#8)'8#V$@A</N$*5$+.5'$+55*5;*(3$*(;#8(+..9$

4. ,*5R.+&#,$R#85'(5$OHE=5F$*(5*,#$K*S9+V$*(&.0,*(3$;"8'03"$;"#$
,*5;8*S0;*'($'?$('(I?'',$*;#)5Q$
@A</N5$5;8+;#39$*($H8+X$7*..$*(T'.T#$+$38+,0+.$*(&8#+5#$;'7+8,5$8#;08($
+(,$8#*(;#38+;*'($+&;*T*;*#5$*(5*,#$;"#$&'0(;89Q$!"#$>'T#8()#(;$'?$H8+X$
7*..$&'(;*(0#$;'$8#&#*T#$@A</N5$50RR'8;$;'$R8#R+8#$;"#$38'0(,$?'8$;"#$
5+?#$+(,$,*3(*?*#,$8#;08($'?$H8+X*5V$R+8;*&0.+8.9$?8')$)+Z'8$8#?03##I
"'5;*(3$&'0(;8*#5$50&"$+5$]'8,+(V$K#S+('($+(,$;"#$-98*+($68+S$
N#R0S.*&Q$
L#)#($7+5$('$#W&#R;*'($;'$R'R0.+8$R8';#5;$)'T#)#(;5$*($;"#$8#3*'(Q$
K+83#$,#)'(5;8+;*'(5$;''U$R.+&#$+&8'55$;"#$&'0(;89V$#5R#&*+..9$*($;"#$
)+Z'8$08S+($+8#+5Q$!"#$8#50.;*(3$T*'.#(&#$*(&8#+5#,$,*5R.+&#)#(;Q$65$'?$
-#R;#)S#8$BCDD$5')#$DCCVCCC$(#7$HE=5$"+,$S##($8#3*5;#8#,$*($6,#($S9$
;"#$>'T#8()#(;Q$!"*5$*5$*($+,,*;*'($;'$;"#$)'8#$;"+($^CCVCCC$HE=5$?8')$
-++,+$>'T#8('8+;#$*($;"#$('8;"$'?$;"#$&'0(;89$,*5R.+&#,$S9$?*3";*(3$
S#;7##($>'T#8()#(;$?'8&#5$+(,$;"#$!"#$%&'()$8#S#.5Q$
E#5R*;#$;"#$R8'.'(3#,$R'.*;*&+.$*(5;+S*.*;9$*($L#)#(V$;"#$(0)S#8$'?$(#7$
+88*T+.5$*($;"#$&'0(;89$?8')$;"#$<'8($'?$6?8*&+$"+5$*(&8#+5#,Q$65$'?$
-#R;#)S#8$BCDDV$5')#$_BVCCC$R#'R.#$"+,$8#+&"#,$;"#$L#)#(*$&'+5;Q$!"#$
;';+.$(0)S#8$'?$-')+.*$8#?03##5$7"'$+88*T#,$*($L#)#($'T#8$;"#$R+5;$
;7'$,#&+,#5$*5$)'8#$;"+($BCCVCCCQ$H;$*5$+550)#,$;"+;$)+(9$'?$;"#5#$(#7$
+88*T+.5$"+T#$.#?;$L#)#($?'8$';"#8$,#5;*(+;*'(5Q$6$8#3*5;8+;*'($#W#8&*5#$*5$
S#*(3$&+88*#,$'0;$S9$;"#$L#)#(*$+0;"'8*;*#5$7*;"$@A</N5$50RR'8;$;'$
,#;#8)*(#$;"#$(0)S#8$'?$8#?03##5$7"'$"+T#$8#)+*(#,$*($;"#$&'0(;89Q$
2'5;$'?$;"#5#$(#7$+88*T+.5$,08*(3$BCDD$7#8#$%;"*'R*+(5V$S0;$;"#8#$7+5$
+.5'$+$5*3(*?*&+(;$*(&8#+5#$*($;"#$(0)S#8$'?$-')+.*5$?.##*(3$,8'03";$+(,$
?+)*(#$*($;"#*8$"')#.+(,Q$H($BCDBV$+55*5;+(&#$;'$8#?03##5$+(,$HE=5$7*..$
*(T'.T#$;"#$R8'T*5*'($'?$R8';#&;*'($+(,$+55*5;+(&#V$*(&.0,*(3$5"#.;#8V$
('(I?'',$*;#)5V$?'',V$"#+.;"$&+8#V$7+;#8$+(,$5+(*;+;*'(Q$
!"#$-+"8+7*$8#?03##5$*($;"#$!*(,'0?$&+)R5$*($6.3#8*+$&'(;*(0#$;'$
8#&#*T#$S+5*&$R8';#&;*'($+(,$+55*5;+(&#V$('7$7*;"$;"#$+*,$'?$+($#WR+(,#,$
@A</N$?*#.,$R8#5#(&#$*($+..$&+)R$.'&+;*'(5Q$!"#$/'(?*,#(&#I40*.,*(3$
2#+508#5$O/42F$R8'38+))#$)'T#,$?'87+8,$7*;"$;"#$8#50)R;*'($'?$
?+)*.9$T*5*;5$*($]+(0+89$BCDDV$+$8#&'((+*55+(&#$)*55*'($S9$8'+,$;'$?*(,$

5. +($+.;#8(+;*T#$;'$+*8$;8+T#.V$+(,$+$?*85;$5#)*(+8$7*;"$R+8;*&*R+(;5$?8')$;"#$
8#?03##$&+)R5$+(,$;"#$!#88*;'89Q$
H($2+08*;+(*+V$8#?03##$8#;08(5$?8')$-#(#3+.$7*..$8#50)#$+5$5''($+5$
R'55*S.#V$#5R#&*+..9$+?;#8$;"#$+38##)#(;$7*;"$;"#$2+08*;+(*+($
>'T#8()#(;V$R+T*(3$;"#$7+9$?'8$;"#$8#;08($'?$;"#$8#5*,0+.$8#?03##5$*($
-#(#3+.Q$6;$;"#$5+)#$;*)#V$7'8U$'($+$(+;*'(+.$+59.0)$.+7$*5$)+U*(3$
5;#+,9$R8'38#55Q$H($2'8'&&'V$@A</N$&'(;*(0#5$;'$S0*.,$*;5$R+8;(#85"*R$
7*;"$;"#$>'T#8()#(;$?'8$;"#$R8';#&;*'($'?$08S+($8#?03##5Q$H58+#.$
&'(;*(0#5$;'$8#&#*T#$+$5*3(*?*&+(;$(0)S#8$'?$)*38+(;5$+(,$+59.0)I
5##U#85$?8')$50SI-+"+8+($6?8*&+($&'0(;8*#5$7"'$+88*T#$T*+$%39R;V$
&8'55*(3$+;$;"#$-*(+*$S'8,#8Q$
/-*+*0%-!1!2%+$+-%$3!40'3%-$5%*+)!*6!7&$8!9'&%+:!
N#T'.0;*'(5$+(,$0R8*5*(35$+8#$0(R8#,*&;+S.#$+(,$&+($"+T#$0(?'8#5##($
&'(5#X0#(&#5Q$!8+,#$+(,$*(,05;89$38*(,$;'$+$"+.;Q$!'08*5)$,8*#5$0RQ$!"#$
#&'(')9$*($3#(#8+.$5;+3(+;#5$+(,$('8)+.$#&'(')*&$.*?#$&#+5#5$;'$
?0(&;*'(Q$6,,$;'$;"*5$;"#$"*3"$&'5;$'?$,*580R;*'(5V$5;8*U#5V$&*T*.$7+8$*($
K*S9+$+(,$;"#$#W',05$'?$;"#$?'8#*3($7'8U#85$+(,$;"#$?.*3";$'?$*(7+8,$
*(T#5;)#(;5Q$
=#'R.#$,#)'(5;8+;#,$+3+*(5;$"*3"$?'',$R8*&#5V$"*3"$0(#)R.'9)#(;$+(,$
&'880R;*'($7"*&"$*($;08($*)R#,#$#&'(')*&$,#T#.'R)#(;Q$!"#$9'0(3$
R#'R.#$+8#$R+8;*&0.+8.9$S+,.9$"*;$S9$.+&U$'?$Z'S$R8'5R#&;5$+(,$#&'(')*&$
R8'38#55Q$@(#)R.'9)#(;$*($;"#$8#3*'($+)'(3$;"#$9'0(3$*5$T#89$"*3"Q$
6&&'8,*(3$;'$#&'(')*&$#WR#8;5$0(#)R.'9)#(;$*($-98*+$*5$BY`$S0;$;"#$
3'T#8()#(;$'7($?*308#5$5"'7$;"+;$0(#)R.'9)#(;$*5$'(.9$DDID^`$S0;$
%39R;$aC`$'?$;"#$0(#)R.'9#,$+8#$9'0(3$R#'R.#$O+3#$DYIBbFQ$
!"#$&')S*(#,$&088#(;$+&&'0(;$,#?*&*;$'?$%39R;V$-98*+V$L#)#(V$2'8'&&'V$
+(,$!0(*5*+$*5$*($#W&#55$'?$cDY$S*..*'(Q$!'$R.03$;"#$3+R$#W;#8(+.$?*(+(&*(3$
*5$(##,#,Q$!"#$&')S*(#,$'*.$*)R'8;$S*..$?'8$;"#$('(I'*.$68+S$&'0(;8*#5$
7*..$"+T#$;'$S#$&'T#8#,$S9$;"#$*(;#8(+;*'(+.$&'))0(*;9$;"8'03"$;"#$
)#&"+(*5)5$'?$;"#$H2M$+(,$;"#$d'8.,$4+(UQ$

6. %39R;$?'8$#W+)R.#$(##,5$#&'(')*&$+*,$;'$&'T#8$;"#$5"'8;?+..$*($*;5$
S0,3#;$'T#8$;"#$(#W;$BI^$9#+85Q$!"#$.'55#5$?8')$;"#$!+"8*8$-X0+8#$
R8';#5;5$7#8#$#5;*)+;#,$;'$S#$+8'0(,$DQ_$4*..*'($@-$E'..+85Q$$!"#$
;'08*5)$5#&;'8$7"*&"$*5$+($*)R'8;+(;$&')R'(#(;$'?$;"#$#&'(')9$
50??#8#,$+$bY`$,#&.*(#$*($%39R;$+(,$!0(*5*+$5*(&#$;"#$7+T#$'?$R8';#5;$
S#3+(Q$H($-98*+$;'08*5)$"+5$,8*#,$0R$&')R.#;#.9Q$%T#($(#*3"S'08*(3$
K#S+('($*5$?##.*(3$;"#$*)R+&;$'?$+$7#+U#8$;'08*5;$+&;*T*;9Q$H;$*5$#WR#&;#,$
S9$)'8#$;"+($b`Q$H;$*5$7'8;"$)#(;*'(*(3$;"+;$%39R;$5;'&U$)+8U#;$"+5$
,#&.*(#,$S9$BY`Q$
!"#$d'8.,$4+(U$R8')*5#,$;'$38+(;$%39R;$;7'$S*..*'($@-E$'T#8$;"#$(#W;$
;7'$9#+85$+(,$;'$R8'T*,#$+$.'+($'?$BQYS*..*'($@-EQ$!"#$';"#8$+5R#&;$'?$
;"*5$#&'(')*&$,'7(;08($*5$;"+;$7#+.;"9$68+S5$+8#$;8+(5?#88*(3$;"#*8$
?0(,5$;'$%08'R#$+(,$A'8;"$6)#8*&+Q$H;$*5$+($0(,*5R0;#,$?+&;$;"+;$
*(T#5;'85$+8#$(#8T'05$+(,$+?8+*,$'?$0(&#8;+*(;9Q$G(#$68+S$(#75R+R#8$
#5;*)+;#,$;"+;$5')#$c^C$S*..*'($"+5$.#?;$%39R;$5*(&#$;"#$'(5#;$'?$;"#$68+S$
-R8*(3Q$
H($;"#$5"'8;$;#8)$7#$5"+..$7*;(#55$+$8#,0&;*'($*($R8',0&;*'(V$+$,#&.*(#$*($
;8+,#$5#8T*&#5$+(,$';"#8$#&'(')*&$+&;*T*;*#5Q$A'(I'*.$R8',0&*(3$
&'0(;8*#5$7*..$S#$R+8;*&0.+8.9$"*;Q$H($;"#$)'5;$3#(#8+.$;#8)5$*;$&+($S#$5+*,$
;"+;$;"#$#&'(')*#5$'?$;"#$('(I'*.$&'0(;8*#5$+8#$'($;"#$T#83#$'?$&'..+R5#$
+(,$+8#$5#)*IS+(U80R;Q$
G($;"#$R.05$5*,#$;"#$"*3"$'*.$R8*&#5$"+T#$"#.R#,$;'$&05"*'($;"#$
#&'(')*#5$'?$;"#$)#)S#85$'?$;"#$>0.?$/'I'R#8+;*'($/'0(&*.Q$-+0,*$
68+S*+$*5$*(T#5;*(3$cD^C$S*..*'($;'$?*(+(&#$.'7$&'5;$"'05*(3$R8'Z#&;5V$
5+.+89$*(&8#+5#5$?'8$=0S.*&$-#&;'8$#)R.'9##5$+(,$*(&8#+5#,$*(T#5;)#(;$*($
#,0&+;*'($+(,$5'&*+.$5#8T*&#5Q$!"#$d'8.,$4+(U$S#.*#T#5$;"+;$*?$;"#$
;8+(5?#8$;'$,#)'&8+&9$*5$R#+&#?0.$+(,$5'0(,V$7#$5"'0.,$"+T#$#&'(')*&$
38'7;"$*($;"#$9#+85$BCDB[BCD^$'?$^QY$;'$bQY`Q$%&'(')*&$38'7;"$*($BCDD$
7+5$DQa`Q$%WR#8;5$R8#,*&;$+($0R;08($*($#&'(')*&$+&;*T*;9$*($;"#$9#+85$
BCDBIBCDb$7*;"$;"#$#WR+(5*'($'?$;"#$?*(+(&*+.$5#&;'8Q$
N#?'8)5$*($#,0&+;*'($+(,$;"#$*(;8',0&;*'($'?$.*;#8+&9$R8'38+)5$+8#$
083#(;.9$(##,#,Q$H($%39R;$'(.9$DY`$'?$7')#($+(,$_C`$'?$)#($+8#$

7. .*;#8+;#Q$M*3";*(3$'?$&'880R;*'($)05;$+&&')R+(9$R'.*;*&+.$+(,$5'&*+.$
8#?'8)5Q$!"#8#$*5$+$38#+;$(##,$?'8$083#(;$#&'(')*&$8#?'8)5$;'$8#+R$;"#$
S#(#?*;5$'?$;"#$R'.*;*&+.$8#?'8)5Q$A#7$,#T#.'R)#(;5$50&"$+5$R'.*;*&+.$
&8*5#5$+(,$5083#5$*($3.'S+.$'*.$+(,$?'',$R8*&#5V$"+T#$+??#&;#,$;"#$'0;.''U$
?'8$2*,,.#$%+5;$&'0(;8*#5$5*(&#$+($H2M$8#R'8;$*($BCDCQ$
M'..'7*(3$;"#$3.'S+.$?*(+(&*+.$&8*5*5V$;"#$2*,,.#$%+5;$+(,$A'8;"$6?8*&+$
O2#(+F$8#3*'($7+5$7*;(#55*(3$+$5;8'(3$8#&'T#89$50RR'8;#,$S9$;"#$
8#S'0(,$*($'*.$R8*&#5Q$H($G&;'S#8$BCDC$;"#$H2M$d'8.,$%&'(')*&$G0;.''U$
R8'Z#&;#,$;"+;$;"#5#$R'5*;*T#$?+&;'85$7'0.,$&'(;8*S0;#$;'$+($#WR#&;#,$
38'7;"$8+;#$?'8$;"#$8#3*'($+5$+$7"'.#$'?$bQD$R#8$&#(;$*($BCDC$+(,$YQD$R#8$
&#(;$*($BCDD$7"*.#$3.'S+.$+&;*T*;9$7+5$?'8#&+5;$;'$#WR+(,$S9$bQe$R#8$&#(;$
*($BCDC$+(,$bQB$R#8$&#(;$*($BCDDQ$
<'7#T#8V$;7'$(#7$,#T#.'R)#(;5$"+T#$5*(&#$+??#&;#,$;"#$'0;.''U$'?$;"#$
8#3*'(1$;"#$68+S$R'.*;*&+.$0R8*5*(35$+(,$;"#$5083#$'?$3.'S+.$'*.$+(,$?'',$
R8*&#5Q$d*;"$;"#$#W&#R;*'($'?$K*S9+$+(,$L#)#(V$7"*&"$"+T#$#WR#8*#(&#,$
R8'?'0(,$R'.*;*&+.$;08)'*.V$?'8$'*.I#WR'8;*(3$&'0(;8*#5$;"#$8*5#$'?$'*.$
R8*&#5$"+5$.#,$;'$"*3"#8$38'7;"$+(,$5;8'(3#8$?*5&+.$+(,$#W;#8(+.$S+.+(&#5V$
,#5R*;#$;"#$*(&8#+5#$*($3'T#8()#(;$5R#(,*(3Q$=8'Z#&;#,$8#+.$>E=$
38'7;"$*5$+;$bQa$R#8$&#(;$*($BCDD$+(,$^Qa$R#8$&#(;$?'8$BCDBQ$<'7#T#8V$;"*5$
'T#8+..$;8#(,$)+5U5$;"#$+&;0+.$?*5&+.$5;+(&#$'?$)+(9$&'0(;8*#5V$+5$
)#+508#,$S9$;"#$('(I'*.$?*5&+.$+(,$R8*)+89$S+.+(&#5Q$
M'8$'*.I*)R'8;*(3$&'0(;8*#5$;"#$'0;.''U$*5$)*W#,Q$d"*.#$]'8,+(V$
2+08*;+(*+$+(,$2'8'&&'$S#(#?*;$?8')$&'(;*(0#,$38'7;"$'7*(3$;'$"*3"$
R8*&#5$?'8$R"'5R"+;#$+(,$*8'(V$;"#$R'.*;*&+.$;08)'*.$*($;"#$+??#&;#,$
&'0(;8*#5$;8+(5.+;#,$*($+$5"+8R$,8'R$*($38'7;"$8+;#5V$8#?.#&;*(3$
,*580R;*'(5$'?$#&'(')*&$+&;*T*;9$,08*(3$;"#$R8';#5;5V$+$,#&.*(#$*($;'08*5)$
8#&#*R;5V$+(,$.'7#8$?'8#*3($,*8#&;$*(T#5;)#(;5Q$
!"#$d'8.,$%&'(')*&$M'80)$>.'S+.$/')R#;*;*T#(#55$N#R'8;$?'8$BCDDI
BCDB$5+951$fGT#8$;"#$R+5;$9#+8V$;"#$2#(+$8#3*'($"+5$S##($+??#&;#,$S9$+$
38#+;$,#+.$'?$;08S0.#(&#$;"+;$7*..$"+T#$+($*)R+&;$'($(+;*'(+.$
&')R#;*;*T#(#55$+(,$)*3";$?08;"#8$#W+&#8S+;#$;"#$&')R#;*;*T#(#55$3+R$
S#;7##($;"#$>0.?$#&'(')*#5$+(,$;"#$8#5;$'?$;"#$8#3*'(Q$

8. !"*5$;8#(,$*5$8#?.#&;#,$*($;"#$BCDD$>.'S+.$/')R#;*;*T#(#55$H(,*&+;'85$
8#50.;5V$7"#8#$)'5;$>0.?$&'0(;8*#5$&'(;*(0#$;'$)'T#$0R$*($;"#$8+(U*(35V$
7"*.#$;"#$&')R#;*;*T#(#55$'?$)+(9$&'0(;8*#5$?8')$A'8;"$6?8*&+$+(,$;"#$
K#T+(;$5;+3(+;#5$'8$,#;#8*'8+;#5QfH($+$(0;5"#..V$2#(+$38'7;"$*($BCDD$7+5$
,*5;8#55#,$S9$;"#$,*580R;*'($'?$+&;*T*;9V$;"#$8#,0&;*'($'?$*(T#5;)#(;g$;"#$
?+..$'?$?'8#*3($,*8#&;$*(T#5;)#(;$OMEHF$*(?.'75$&'0R.#,$7*;"$&+R*;+.$?.*3";$
+(,$.'7#8#,$;'08*5)$8#&#*R;5Q$
6;$;"#$5+)#$;*)#V$5083*(3$3.'S+.$&'))',*;9$R8*&#5$"+T#$R05"#,$
3'T#8()#(;5$;'$8#5R'(,$S9$*(&8#+5*(3$5R#(,*(3V$*(&.0,*(3$;"'5#$'($
7+3#5V$?'',$+(,$?0#.$50S5*,*#5V$;"05$*(&8#+5*(3$;"#$+T#8+3#$?*5&+.$,#?*&*;$
7"*&"$*5$.*U#.9$;'$#W&##,$#*3";$R#8$&#(;$'?$>E=$*($BCDDQ$
!"#8#?'8#V$?'8#&+5;5$'?$#&'(')*&$+&;*T*;9$?'8$;"#$2#(+$8#3*'($"+T#$S##($
8#T*5#,$,'7(7+8,5$&')R+8#,$7*;"$R8#T*'05$R8'Z#&;*'(5Q$!"#$.+;#5;$
R8'Z#&;#,$38'7;"$?'8$;"#$8#3*'($5;+(,5$('7$+;$?'08$R#8$&#(;$*($BCDD$+(,$
^Qh$R#8$&#(;$*($BCDB$ $7"*.#$;"#$R8#T*'05.9$?'8#&+5;$.#T#.$7+5$+;$YQD$R#8$
&#(;$?'8$BCDDQ$
65$7*,#5R8#+,$R8';#5;5$;"8#+;#(#,$;"#$'.,$'8,#8V$8+;*(3$+3#(&*#5$8#T*5#,$
;"#*8$5'T#8#*3($8+;*(35$;'$+&&'0(;$?'8$;"#$*(&8#+5#,$R'.*;*&+.$8*5UQ$K+5;$
2+8&"V$M*;&"$N+;*(35$+(('0(&#,$;"+;$f(+88'7.9$,#?*(#,$R'.*;*&+.$8*5UV$
*(&.0,*(3$8#3*)#$.#3*;*)+&9V$5;+S*.*;9$+(,$#??#&;*T#(#55V$*(;#8(+.$;#(5*'(5$
+(,$#W;#8(+.$;"8#+;V$8#,0&#,$;"#$8#3*'(5$DD$K'(3$!#8)$M'8#*3($
/088#(&9$H550#8$E#?+0.;$N+;*(35$OHEN5F$S9$+($+T#8+3#$'?$?'08$(';&"#5$
#T#($S#?'8#$8#&#(;$,'7(38+,#5fQ$
;*&&*<%+:!-*)5)!&%)(!
H($.*(#$7*;"$;"#$,#;#8*'8+;*(3$*(T#5;'8$&'(?*,#(&#V$-'T#8#*3($/8#,*;$
E#?+0.;$-7+R$O/E-F$5R8#+,5$7*,#(#,$+(,$&'0(;8*#5$S'88'7*(3$&'5;$*($
*(;#8(+;*'(+.$)+8U#;5$"+T#V$;"#8#?'8#V$*(&8#+5#,V$7"*&"$+,,#,$+($
*)R'8;+(;$?*(+(&*+.$S08,#(Q$
2'8#'T#8V$?8')$;"#$?*(+(&*+.$R#85R#&;*T#V$,')#5;*&$S+(U*(3$5#&;'8$
S+.+(&#$5"##;5$,#;#8*'8+;#,V$8#?.#&;*(3$;"#$,'7(;08(5$+,T#85#$*)R+&;$'($
;"#$X0+.*;9$'?$.'+($R'8;?'.*'5$+5$7#..$+5$'($8#3*'(+.$5;'&U$)+8U#;5Q$

9. 6&&'8,*(3$;'$4+(U5&'R#$,+;+V$;"#$+338#3+;#$5*i#$'?$;"#$?*(+(&*+.$5#&;'8$*($
D_$2#(+$&'0(;8*#5$7+5$cDQaDY$;8*..*'($OE"_$;8*..*'(F$*($BCDCV$7*;"$+$.+83#$
,')*(+;*'($'?$S+(U*(3$*(;#8)#,*+;*'($'?$+8'0(,$__$R#8$&#(;Q$M0(,$
)+(+3#85$*(T#5;*(3$*($2#(+$"+T#$"+,$,*??*&0.;$&+..5$;'$)+U#$#5R#&*+..9$
;'$R8';#&;$;"#$5;#+,*.9$S0*.;I0R$*(T#5;'8$&+R*;+.$,08*(3$;"#$R8#&#,*(3$
9#+85Q$$
H($;"#$&'(;#W;$'?$,#.+9#,$R'.*;*&+.$;8+(5*;*'($+7+*;*(3$;"#$'0;&')#5$'?$
#.#&;*'(5$*($5')#$&'0(;8*#5$+(,$R8'.'(3#,$&'(?.*&;5$*($';"#85V$;"#$)+*($
R#85*5;*(3$,'7(5*,#$8*5U$*($;"#$)#,*0)$;#8)$7'0.,$S#$;"#$*(+S*.*;9$;'$
8#I#5;+S.*5"$&'(?*,#(&#$+(,$+(&"'8$*(T#5;'85$#WR#&;+;*'(5Q$
!"#$R8'S.#)$?+&*(3$!0(*5*+V$%39R;V$K*S9+$+(,$';"#8$&'0(;8*#5$*5$;"+;$*($
;',+95$#(T*8'()#(;$'?$R'.*;*&+.V$5'&*+.$+(,$#&'(')*&$0(&#8;+*(;9V$;"#*8$
?*(+(&*(3$(##,5$;'$&'T#8$#W;#8(+.$&088#(;$+&&'0(;$,#?*&*;5$+(,$R0S.*&$
?*(+(&*(3$+8#$38'7*(3V$7"*.#$+;$;"#$5+)#$;*)#$;"#*8$S'88'7*(3$&'5;5$'($
;"#$)+8U#;5$"+T#$*(&8#+5#,$,8+5;*&+..9Q$
N#5;'8*(3$&'(?*,#(&#$+;$;"*5$5;+3#$*5$+$)05;Q$
7=)5(&%5>!0($)=&()!
M*(+(&*+.$+55*5;+(&#$;"8'03"$?'8#*3($+*,$*5$'?;#($.*(U#,$;'$+05;#8*;9$+(,$
38*#T+(&#5$)#+508#5$;"8'03"$&'0(;89I5R#&*?*&$R8'38+))#5Q$
40;$7"+;$+8#$;"#$U#9$50&&#55$?+&;'85$?'8$50&"$R8'38+))#5j$=8#T*'05$
H2M$#WR#8*#(&#5$5"'7$;"#$)'5;$50&&#55?0.$'(#5$+8#$;"'5#$f;"+;$+8#$
"')#I38'7($+(,$'7(#,$(';$Z05;$S9$;"#$+0;"'8*;*#5V$S0;$S9$;"#$R#'R.#fQ$
6&&'8,*(3.9V$;"#5#$)#+508#5$5"'0.,$S#$*)R.#)#(;#,$*($T*#7$'?$;"#*8$
f50*;+S*.*;9$7*;"$(+;*'(+.$*(5;*;0;*'(+.$&+R+&*;*#5fQ$N#5;'8*(3$&'(?*,#(&#$
*5$38#+;.9$,#R#(,#(;$'($;"#$'0;&')#5$'($;"#$R'.*;*&+.$?8'(;Q$d*..$;"#$
0R8*5*(35$.#+,$;'$,#)'&8+&*#5V$?8##,')$+(,$+&&'0(;+S*.*;9$'8$7*..$;"#9$
S8*(3$)'8#$&"+'5j$
%T#($;"'03"$'*.IR8',0&*(3$&'0(;8*#5$"+T#$S#(#?*;#,$*($;"#$(#+8I;#8)$
+(,$';"#85$"+T#$,#;#8*'8+;#,$?+*8.9$,8+5;*&+..9V$;"#$?0;08#$?'8$+..$8#)+*(5$
0(&#8;+*(Q$

10. !"#$68+S$-R8*(3$"+5$S##($7*,#.9$5##($+5$+$7+;#85"#,$#T#(;$7"*&"$"+5$
*88#T'&+S.9$&"+(3#,$;"#$8#3*'($+(,$;"#$3.'S+.$R'.*;*&+.$.+(,5&+R#$+(,$
.#,$;'$+$5#*5)*&$5"*?;$*($;"#$5'&*+.$&'(;8+&;$3'T#8(*(3$;"#$8#.+;*'(5"*R$
S#;7##($68+S$80.*(3$#.*;#5$+(,$;"#*8$R'R0.+;*'(5Q$H;$"+5$,#)'(5;8+;#,$+$
5;8'(3$8#3*'(+.$,9(+)*&1$R8';#5;5$"+T#$5R8#+,$7*;"*($;"#$68+S$7'8.,$
S#&+05#$'?$;"#$&0.;08+.$+??*(*;9$?#.;$S9$68+S5V$+(,$"+T#$(';$S##($)+;&"#,$
*($';"#8$R+8;5$'?$;"#$7'8.,$?+&*(3$5*)*.+8$R8'S.#)5Q$!"#$*)R+&;5$'?$;"#$
68+S$-R8*(3$'($&'0(;8*#5$+&8'55$;"#$2*,,.#$%+5;$+(,$A'8;"$6?8*&+$O;"#$
T#$S##($T+8*#,Q$!"#$8#T'.0;*'(5$;"+;$'&&088#,$*($
!0(*5*+$+(,$%39R;$"+T#$(';$S##($#+5*.9$8#R.*&+;#,$*($K*S9+V$L#)#(V$
-98*+V$4+"8+*($+(,$-+0,*$68+S*+Q$
!"#8#$*5$&'(5*,#8+S.#$0(&#8;+*(;9$+S'0;$;"#$#W;#(;$;'$7"*&"$;"#$68+S$
-R8*(3$*5$.*U#.9$;'$5R8#+,$'8$S#$505;+*(#,Q$d"*.#$)+(9$&'))#(;+;'85$
+830#$;"+;$;"#$?+..$'?$*(&0)S#(;$8#3*)#5$*($4+"8+*(V$K*S9+V$-98*+$+(,$
L#)#($*5$*(#T*;+S.#$*($;"#$.'(3$;#8)V$)'5;$+38##$;"+;$'*.I8*&"$>0.?$5;+;#5$
50&"$+5$-+0,*$68+S*+$7*..$8#)+*($8#5*5;+(;$;'$)+Z'8$R'.*;*&+.$&"+(3#V$
05*(3$+$&')S*(+;*'($'?$8#R8#55*'($7*;"$"+(,'0;5$;'$)+*(;+*($;"#*8$38*R$
'($R'7#8Q$H($+$8#&#(;$8#R'8;V$;"#$%&'(')*5;$H(;#..*3#(&#$@(*;$+830#5$;"+;$
;"#$?+;#$'?$;"#$0R8*5*(35$*5$5;*..$*($;"#$S+.+(&#$+(,$;"+;$;"#8#$+8#$;"8##$
)+*($R'55*S.#$5&#(+8*'5V$7*;"$;"#$'0;&')#$'?$.*)*;#,$,#)'&8+;*&$8#?'8)$
S#*(3$;"#$)'5;$.*U#.9Q$H;$8+;#5$;"#$&"+(&#5$'?$+$8#;08($;'$;"#$5;+;05$X0'$+;$
+8'0(,$BC`V$7"*.#$+$3#(0*(#$,#)'&8+;*&$S8#+U;"8'03"$*5$5##($+5$
#X0+..9$R8'S+S.#Q$
H5.+)*5;$)'T#)#(;5$+8#$.*U#.9$;'$S#&')#$)+Z'8$R.+9#85$*($;"#$R'5;I
0R8*5*(3$R'.*;*&+.$.+(,5&+R#$'?$;"#$68+S$7'8.,V$,#5R*;#$;"#$?+&;$;"+;$
38'0R5$50&"$+5$;"#$205.*)$48';"#8"'',$O24F$*($%39R;$+(,$+.IA+",+$*($
!0(*5*+$R.+9#,$)*(*)+.$8'.#5$*($;"#$*(*;*+.$0R8*5*(35Q$H5.+)*5;$
)'T#)#(;5$?'8)#,$0(,#8$+0;"'8*;+8*+($8#3*)#5$7*..$?+&#$*(;#8(+.$
&"+..#(3#5V$+(,$;#(5*'(5$)+9$#)#83#$?8')$9'0(3#8$+&;*T*5;5V$5')#$'?$
7"')$)+9$50RR'8;$38#+;#8$R.08+.*5)$+(,$'R#((#55Q$!"#8#$*5$5')#$
,#S+;#$5088'0(,*(3$;"#$#W;#(;$;'$7"*&"$H5.+)*5;$R+8;*#5$7*..$5##U$;'$
&')R8')*5#$;"#*8$+3#(,+5$;'$)##;$8*5*(3$,#)+(,5$?'8$,#)'&8+;*5+;*'(Q$
d"*.#$5')#$+830#$;"+;$;"#$24$&+($S#$8#&'(&*.#,$7*;"$5#&0.+8$
,#)'&8+&9V$';"#85$X0#5;*'($*;5$&'))*;)#(;$;'$,#)'&8+&9Q$6.;"'03"$

11. 5'&*+.$)#,*+$5+TT9$9'0;"$R.+9#,$+($*)R'8;+(;$8'.#$*($,8*T*(3$;"#$
R8';#5;5$*($)'5;$&'0(;8*#5V$;"#*8$8'.#$*5$.*U#.9$;'$,*)*(*5"$+5$R'.*;*&+.$
;8+(5*;*'(5$R.+9$'0;$*($;"#$8#3*'(Q$L'0;"$)'T#)#(;5$3#(#8+..9$.+&U$;"#$
'83+(*5+;*'(V$.#+,#85"*R$+(,$R'.*&9$R.+;?'8)5$;'$&'(;*(0#$;'$R8#55$;"#*8$
+3#(,+Q$
d"*.#$;"#$68+S$-R8*(3$"+5$"+,$+$R8'?'0(,$*)R+&;$'($;"#$R'.*;*&+.$
5#;;.#)#(;$*($)+(9$&'0(;8*#5$'?$;"#$2%A6$8#3*'(V$5')#$&'))#(;+;'85$
"+T#$+830#,$;"+;$*;$"+5$?+*.#,$;'$S8*(3$+S'0;$+(9$)+Z'8$&"+(3#$*($
8#3*'(+.$R'7#8$5;80&;08#5Q$d"*.#$)+(9$&'))#(;+;'85$"+T#$)+,#$
&')R+8*5'(5$7*;"$;"#$;"*8,$7+T#$'?$,#)'&8+;*5+;*'($*($%+5;#8($%08'R#$
*($DaeaV$@-$*(?.0#(&#$*($;"#$8#3*'($*5$(';$&80)S.*(3$*($;"#$5+)#$7+9$;"+;$
$
-#T#8+.$&'))#(;+;'85$+830#$;"+;$,#T#.'R)#(;5$*($%39R;$7*..$"+T#$+$
5*3(*?*&+(;$*)R+&;$'($;"#$7*,#8$8#3*'(V$#*;"#8$R8'T*,*(3$+$S.0#R8*(;$?'8$
8#?'8)$*($';"#8$8#3*'(5$*?$;"#$;8+(5*;*'($*5$50&&#55?0.V$'8$#(&'08+3*(3$
+(;*I,#)'&8+;*&$'RR'5*;*'($*?$;"#$;8+(5*;*'($5;+..5Q$d"*.#$;"#8#$+8#$5*3(5$
;"+;$;"#$)*.*;+89$+8#$&'(5'.*,+;*(3$;"#*8$R'5*;*'($*($%39R;V$;"#$,#&*5*'($'?$
;"#$3'T#8()#(;$;'$,#;+*($;"#$?'8)#8$=8#5*,#(;$,#)'(5;8+;#5$;"#$
&'(;*(0#,$R'7#8$'?$R8';#5;Q$
!"#$R8';#5;5$"+T#$8+;&"#;#,$0R$8#3*'(+.$&')R#;*;*'($S#;7##($H8+($+(,$
-+0,*$68+S*+V$7*;"$;"#$.+;;#8$S#&')*(3$*(&8#+5*(3.9$?#+8?0.$'?$;"#$;"8#+;$
R'
)'T#5$;'$*(T*;#$2'8'&&'$+(,$]'8,+($;'$Z'*($;"#$>0.?$/''R#8+;*'($
&#$'?$8#&#(;$
#T#(;5V$+5$*;$R8'T*,#5$+$&8*;*&+.$)',#.$?'8$,#)'&8+;*&$;8+(5*;*'($?'8$';"#8$
&'0(;8*#5$*($;"#$8#3*'(Q$!08U*5"$'??*&*+.5$+8#$S#&')*(3$)'8#$5;8*,#(;$*($
50RR'8;$'?$;8+(5*;*'($*($-98*+V$7"#8#$;"#9$?#+8$+$5#&;+8*+($7+8Q$d#5;#8($
*(;#8T#(;*'($*($K*S9+$)+9$"+T#$+$5*3(*?*&+(;$*)R+&;$'($;"#$7*,#8$8#3*'(Q$
H?$;"#$&*T*.$7+8$*5$8#5'.T#,$8#.+;*T#.9$X0*&U.9V$R#8"+R5$7*;"$;"#$50RR'8;$
;"#$8#3*'($)+9$,*)*(*5"Q$H?$(';V$;"#$,+)+3#$*5$.*U#.9$;'$38'7Q$

12. -+0,*$68+S*+$"+5$5##($*;5$R'5*;*'($*($;"#$68+S$7'8.,$7#+U#($+5$+$8#50.;$
'?$;"#$68+S$-R8*(3V$.'5*(3$*;5$)'5;$*)R'8;+(;$8#3*'(+.$+..9$ $<'5(*$
X0'$+(,$#(508*(3$&'(;*(0#,$5;+S*.*;9$+(,$+5$+$8#50.;$*;$"+5$)+*(;+*(#,$+$
R8+3)+;*&$5;+(&#$;'7+8,5$*;5$(#*3"S'085Q$H;$S+&U#,$=8#5*,#(;$-+.#"$*($
L#)#($0(;*.$"*5$R'5*;*'($S#&+)#$0(;#(+S.#$+(,$+$;"8#+;$;'$5;+S*.*;9Q$H;$*5$
('7$.*U#.9$;'$;89$;'$.*)*;$;"#$#)#83#(&#$'?$+$0(*;#,$+(,$)'8#$
*(,#R#(,#(;$L#)#($S9$R8'T'U*(3$*(;#8(+.$,*T*5*'(5$7*;"*($L#)#(*$
#.*;#5Q$
*($>+i+$+(,$*($;"#$d#5;$4+(UQ$=8';#5;5$#(&'08+3#,$+$8#&'(&*.*+;*'($
+38##)#(;$S#;7##($M+;+"$+(,$<+)+5V$;"#$;7'$)+*($R'.*;*&+.$R+8;*#5$*($
;"#$=+.#5;*(*+($!#88*;'8*#5V$S9$#WR'5*(3$S';"$R+8;*#5$;'$38'7*(3$R'R0.+8$
R8#5508#$?'8$&"+(3#Q$!"#$+38##)#(;$)+U#5$+($*))#,*+;#$8#50)R;*'($'?$
;"#$R#+&#$R8'&#55$0(.*U#.9$5*(&#$H58+#.$"+5$5;+;#,$0(#X0*T'&+..9$;"+;$*;$
7*..$(';$(#3';*+;#$7*;"$+$3'T#8()#(;$;"+;$*(&.0,#5$<+)+5Q$!"#$
+38##)#(;$,'#5V$"'7#T#8V$R0;$;"#$=+.#5;*(*+(5$*($+$5;8'(3#8$R'5*;*'($;'$
R05"$?'8$+$@(*;#,$A+;*'(5$T';#$'($5;+;#"'',$*($-#R;#)S#8V$*?$;"#9$&+($
+38##$'($7"'$5"'0.,$.#+,$+$(#7$3'T#8()#(;Q$
!"#$R8';#5;5$"+T#$8+*5#,$+$(0)S#8$'?$(#7$5#&08*;9$&"+..#(3#5$?'8$;"#$
8#3*'(Q$6.;"'03"$5#&;+8*+($)';*T+;*'(5$"+T#$S##($.+83#.9$+S5#(;$?8')$
)'5;$'?$;"#$8#&#(;$0R8*5*(35V$;"#$;"8#+;$'?$5#&;+8*+($&'(?.*&;$.'')5$.+83#$
'T#8$+$(0)S#8$'?$&'0(;8*#5V$R+8;*&0.+8.9$;"'5#$50&"$+5$4+"8+*($+(,$-98*+$
7"*&"$+8#$80.#,$S9$+($#;"(*&$)*('8*;9$38'0RQ$!"#$68+S$-R8*(3$#WR'5#,$
6.I
*($%39R;$+(,$!0(*5*+$"+T#$S##($,8*T#($S9$9'0(3$R#'R.#$)';*T+;#,$S9$
?8##,')$+(,$('(IT*'.#(;$+&;*'(V$8+;"#8$;"+($,#?#(,*(3$205.*)$.+(,5$
?8')$d#5;#8($+338#55*'(Q$A#T#8;"#.#55V$*?$;"#$R8';#5;5$5;+..V$6.Ik+#,+$
&'0.,$9#;$;+U#$+,T+(;+3#$'?$;"#$#(50*(3$?805;8+;*'(Q$
H($;"#$5"'8;$;#8)V$;"#$#&'(')*&$&'(5#X0#(&#5$'?$;"#$68+S$-R8*(3$?+T'08$
;"#$'*.IR8',0&*(3$&'0(;8*#5$;"+;$"+T#$#WR#8*#(&#,$;"#$.#+5;$*(5;+S*.*;9Q$
%39R;$+(,$!0(*5*+V$S9$&'(;8+5;V$"+T#$5##($5"+8R$8#,0&;*'(5$*($
R8',0&;*'(V$;8+,#$+(,$5#8T*&#5$;"+;$"+T#$&8#+;#,$?8+3*.#$?*5&+.$R'5*;*'(5Q$

13. GT#8$;"#$.'(3$;#8)V$5')#$&'))#(;+;'85$R8#,*&;$;"+;$,#)'&8+;*5+;*'($
7*..$3#(#8+;#$5*3(*?*&+(;$#&'(')*&$S#(#?*;5Q$<+T*(3$5+*,$;"*5V$;"#$;+5U$'?$
#&'(')*&$8#?'8)$*($;"#$8#3*'($*5$.*U#.9$;'$S#$#W;8#)#.9$,*??*&0.;Q$2'5;$
&'0(;8*#5$*($;"#$8#3*'($+8#$+.5'$S.*3";#,$S9$U.#R;'&8+;*&$)'('R'.*#5V$
"#+T9$8#30.+;*'($+(,$)+55*T#$5;+;#$50S5*,*#5Q$J#5;#,$*(;#8#5;5$+8#$+.5'$
.*U#.9$;'$8#5*5;$&"+(3#$+(,$)+9$8#X0*8#$?08;"#8$R8';#5;$+(,$T*'.#(&#$;'$S#$
&"+(3#,Q$!+&U.*(3$&'880R;*'($7*..$S#$'(#$'?$;"#$&#(;8+.$&"+..#(3#5$?+&*(3$
;"#$8#3*'($,08*(3$;"#$(#W;$R"+5#$'?$;"#$;8+(5*;*'(Q$
-#T#8+.$&'))#(;+;'85$+830#$;"+;$+$.+&U$'?$#&'(')*&$8#?'8)$)+9$
;"8#+;#($;"#$8+,*&+.$R'.*;*&+.$&"+(3#5$;"+;$"+T#$57#R;$;"#$8#3*'(V$
R+8;*&0.+8.9$*($%39R;$7"#8#$;"#8#$*5$+.8#+,9$;+.U$'?$;"#$(##,$?'8$+$
%39R;$+(,$!0(*5*+$7*..$(##,$;'$R0850#$+$,#.*&+;#$S+.+(&#$S#;7##($
;+&U.*(3$T#5;#,$*(;#8#5;5$+(,$&'880R;*'($'($;"#$'(#$"+(,V$+(,$;"#$(##,$
;'$+T'*,$&+R*;+.$?.*3";$+(,$;"#$;'$#(508#$5')#$,#38##$'?$R'.*;*&+.$5;+S*.*;9$
'($;"#$';"#8Q$!"#$*550#$'?$S8#+,$+(,$?0#.$50S5*,*#5$*5$R+8;*&0.+8.9$
5#(5*;*T#Q$6.;"'03"$;"#5#$50S5*,*#5$&+($9*#.,$*))#,*+;#$R'.*;*&+.$
S#(#?*;5$;'$;"#$3'T#8()#(;5$;"+;$,*5;8*S0;#$;"#)V$;"#9$"+T#$(#3+;*T#$
.'(3I;#8)$*)R+&;5$'($R0S.*&$?*(+(&#5$+(,$)+9$S#$0(?+*8.9$,*5;8*S0;#,$
S#&+05#$'?$&'880R;*'(Q$G(#$'?$;"#$U#9$&"+..#(3#5$?+&*(3$R'.*&9)+U#85$*($
;"#$8#3*'($7*..$S#$;"#$X0#5;*'($'?$"'7$;'$,#5*3($(#7$R'.*&*#5$;"+;$8#+&"$
;+83#;#,$38'0R5$)'8#$#??*&*#(;.9Q$ $
"#$33(+:()!
!"#$2*,,.#$%+5;$+(,$A'8;"$6?8*&+$8#3*'($*5$#WR#8*#(&*(3$+$R#8*',$'?$
0(R8#&#,#(;#,$R'.*;*&+.$+(,$5'&*+.$&"+(3#$7"*&"$*5$"+T*(3$+$5*3(*?*&+(;$
*)R+&;$'($@A</N5$"0)+(*;+8*+($'R#8+;*'(5Q$!"#$&088#(;$0(8#5;V$
&')S*(#,$7*;"$R'T#8;9V$0(#)R.'9)#(;V$+(,$5'&*+.$*(#X0+.*;9V$&'0.,$
.#+,$;'$+$.'(3$R#8*',$'?$*(5;+S*.*;9$+(,$0(&#8;+*(;9Q$
M08;"#8)'8#V$'(3'*(3$*88#30.+8$+(,$)*W#,$?.'75$'?$)*38+(;5$+(,$
+59.0)I5##U#85V$R8';8+&;#,$8#?03##$5*;0+;*'(5$+(,$7#+U$+59.0)$595;#)5$
+,,$;'$;"#$&"+..#(3#5$&'(?8'(;*(3$@A</NQ$
2%+$+-%$3!%+6*&0$5%*+!

14. -*(&#$BCChV$;"#$S0,3#;$?'8$;"#$2*,,.#$%+5;$+(,$A'8;"$6?8*&+$"+5$8*5#($
5;#+,*.9V$8#+&"*(3$@-E$hBD$)*..*'($*($BCDCV$)+*(.9$,0#$;'$38'7*(3$(##,5$
+)'(3$H8+X*$8#?03##5$*($]'8,+(V$K#S+('($+(,$-98*+Q$!"#$*(*;*+.$BCDD$
S0,3#;$'?$@-E$YYB$)*..*'($7+5$*(&8#+5#,$;'$)'8#$;"+($@-E$hbh$)*..*'($
,08*(3$;"#$5#&'(,$X0+8;#8$'?$;"#$9#+8V$)+*(.9$*($8#5R'(5#$;'$;"#$
#)#83#(&9$*($K*S9+V$+(,$;'$R8'T*,#$+55*5;+(&#$;'$;"#$"0(,8#,5$'?$
;"'05+(,5$'?$R#'R.#$R'08*(3$*(;'$;"#$?8'(;*#8$+8#+5$'?$%39R;$+(,$
!0(*5*+Q$
!"#$BCDB$S0,3#;$?'8$;"#$8#3*'($;';+.5$5')#$@-E$YhY$)*..*'(Q$4#?'8#$;"#$
K*S9+$&8*5*5V$@A</N$'R#8+;*'(5$*($K*S9+$+(,$!0(*5*+$7#8#$)+(+3*(3$
8#.+;*T#.9$5)+..$8#?03##$R'R0.+;*'(5$7*;"$.*)*;#,$R8#5#(&#$+(,$5;+??*(3Q$
65$+$8#50.;$'?$;"#$&8*5#5V$;"#$(0)S#8$'?$S#(#?*&*+8*#5V$+5$7#..$+5$+55*5;+(&#$
+(,$5;+??*(3$(##,5V$"+5$38'7($50S5;+(;*+..9Q$<'7#T#8V$;"#8#$*5$+$
8#,0&;*'($*($;"#$S0,3#;5$?'8$H8+X$+(,$;"#$-98*+($68+S$N#R0S.*&$,0#$;'$+$
8#,0&#,$5"#.;#8$S0,3#;$?'8$HE=5$*($H8+X$+(,$;"#$,#&.*(#$*($;"#$(0)S#8$'?$
S#(#?*&*+8*#5$*($;"#$-98*+($68+S$N#R0S.*&Q$
$ $

15. 63#(,+$A'Q$B$
!<%$%@NGPGA%$E%4!$/NH-H-$
!
*+),)-#%.#'(/#01%-%2)1#3+)4)4#
-'T#8#*3($,#S;$&8*5*5$&+($'8*3*(+;#$+5$+$8#50.;$'?$(0)#8'05$?+&;'85$
*(&.0,*(3$;"#$3.'S+.*i+;*'($'?$?*(+(&#V$8#.+;*T#.9$#+5*#8$&8#,*;$&'(,*;*'(5$
;"+;$#(&'08+3#$"*3"I8*5U$.#(,*(3$+(,$S'88'7*(3$R8+&;*&#5V$*(;#8(+;*'(+.$
;8+,#$*)S+.+(&#5V$8#+.$#5;+;#$S0SS.#5V$?*(+(&*+.$)+8U#;$S0SS.#5V$?*5&+.$
R'.*&9$&"'*&#5$8#.+;#,$;'$3'T#8()#(;$8#T#(0#5$+(,$#WR#(5#5$+(,$
+RR8'+&"#5$05#,$S9$(+;*'(5$;'$S+*.$'0;$;8'0S.#,$S+(U*(3$*(,05;8*#5$+(,$
R8*T+;#$S'(,"'.,#85Q#
!"#$%08'R#+($%&'(')*&$&8*5*5$8#?#85$;'$;"#$R8#5#(;$5*;0+;*'($'?$
5'T#8#*3($,#S;$'?$5')#$(+;*'(5$*($;"#$#08'$i'(#$,0#$;'$+$&')S*(+;*'($'?$
T+8*'05$?+&;'85V$7"*&"$"+5$+??#&;#,$;"#$?0(,*(3$'?$3'T#8()#(;5$+(,$
S+(U5$+.*U#Q$<*5;'8*&+..9V$*;$7+5$R8#&#,#,$S9$+$R#8*',$'?$&8#,*;$38'7;"V$
.'7$8*5U$R8#)*0)V$"*3"$.*X0*,*;9$+(,$;"#$,#T#.'R)#(;$'?$8#+.$#5;+;#$
S0SS.#5Q$
!"#8#$*5$)0&"$,#S+;#$'T#8$;"#$R8*)+89$&+05#5$'?$;"#$&088#(;$5*;0+;*'($*($
;"#$#08'$i'(#Q$GT#85;8#;&"#,$.#T#8+3*(3$R'5*;*'(5$8#(,#8#,$?*(+(&*+.$
*(5;*;0;*'(5$#W;8#)#.9$T0.(#8+S.#$;'$&'88#&;*'(5$*($+55#;$)+8U#;5Q$65$+$
8#50.;V$+$,'7(;08($*($+$8#.+;*T#.9$5)+..$&'8(#8$'?$;"#$?*(+(&*+.$595;#)$
O;"#$@-$50SR8*)#$)+8U#;F$7+5$50??*&*#(;$;'$;'RR.#$;"#$7"'.#$5;80&;08#Q
M*85;.9$;"#8#$7#8#$#+59$&8#,*;$&'(,*;*'(5$,08*(3$;"#$BCCBIBCCe$
R#8*',$7"*&"$+..'7#,$"*3"I8*5U$S'88'7*(3V$;"05V$(';$'(.9$
*(,*T*,0+.5V$S0;$+.5'$&'0(;8*#5$5;+8;#,$S'88'7*(3$?8')$S+(U5$*($
"*3"$50)5V$S#.*#T*(3$;"#9$&'0.,$R+9$*;$S+&UV$5*(&#$;"#$*(;#8#5;$8+;#5$
7#8#$&')R+8+;*T#.9$T#89$.'7Q
%08'R#$50??#8#,$?8')$5.'7$#&'(')*&$38'7;"$?8')$BCCe$+(,$+?;#8g$
;"#$A+;*'(+.$>8'55$E')#5;*&$=8',0&;$'?$)'5;$%@$&'0(;8*#5$5;+8;#,$
;'$?+..$0R$;'$h`$*($H;+.9$+(,$0(#)R.'9)#(;$8+;#5$5;+8;#,$;'$7*,#.9$
*(&8#+5#$0R$;'$B^`$*($-R+*(V$D_Q_`$*($>8##&#$+(,$DbQY`$*($H8#.+(,Q$
!"*5$8#50.;#,$*($.'7$3'T#8()#(;$*(&')#5V$;"05$R+9*(3$S+&U$,#S;5$
S#&')#5$#W;8#)#.9$"+8,Q$H($;"#$7##U$?'..'7*(3$-#R;#)S#8$DYV$
BCCeV$3.'S+.$?*(+(&*+.$)+8U#;5$+&;0+..9$S8'U#$,'7($+(,$S9$;"#$#(,$

16. '?$;"#$7##U$;"#9$"+,$;'$S#$R0;$'($+8;*?*&*+.$.*?#$50RR'8;Q$!"#$.*?#$
50RR'8;$&'(5*5;#,$'?$50S5;*;0;*(3$$5'T#8#*3($&8#,*; S+&U#,$S9$;"#$
?*(+(&*+.$8#5'08&#5$'?$;"#$5;+;# ?'8$;"#$&8#,*;$'?$?*(+(&*+.$
*(5;*;0;*'(5$;"+;$"+,$&#+5#,$;'$S#$+&&#R;+S.#$;'$&'0(;#8R+8;*#5Q$!"#$
+0;"'8*;*#5$"+,$;'$,'$*($;"#$5"'8;$;#8)$;"#$#W+&;$'RR'5*;#$'?$7"+;$
7+5$(##,#,$*($;"#$.'(3$;#8)1$;"#9$"+,$;'$R0)R$*($+$.';$'?$&8#,*;V$;'$
8#R.+&#$;"#$&8#,*;$;"+;$"+,$,*5+RR#+8#,V$+(,$;"#8#S9$8#*(?'8&#$;"#$
#W&#55$&8#,*;$+(,$.#T#8+3#$;"+;$"+,$&+05#,$;"#$&8*5*5$*($;"#$?*85;$
R.+&#Q$$
!"#8#$7#8#$'S5#8T#,$'0;8*3";$,#?+0.;5$'($,')#5;*&$+(,['8$
#W;#8(+.$,#S;$*($N055*+V$%&0+,'8V$683#(;*(+g$#R*5',#5$'?$5#)*I
&'#8&*T#$8#5;80&;08*(3$O*Q#QV$0(,#8$;"#$*)R.*&*;$;"8#+;$'?$,#?+0.;F$'?$
5'T#8#*3($,#S;$*($@U8+*(#$*($BCCCV$=+U*5;+($*($DaaaV$+(,$@8030+9$
*($BCC^g$+(,$';"#8$#R*5',#5$7"#8#$;"#$&'0(;89$7+5$)'5;$.*U#.9$
5'.T#(;$S0;$*..*X0*,$+(,$+$,#S;$5#8T*&*(3$&8*5*5$7+5$*($R+8;$+T'*,#,$
T*+$.+83#$+)'0(;5$'?$'??*&*+.$50RR'8;$S9$;"#$*(;#8(+;*'(+.$?*(+(&*+.$
*(5;*;0;*'(5$OHMH5FV$+5$7#..$+5$.#55$&'#8&*T#$?'8)5$'?$R8*T+;#$5#&;'8$
*(T'.T#)#(;$*($&8*5*5$8#5'.0;*'($O2#W*&'$*($Daab aYV$:'8#+$+(,$
!"+*.+(,$*($Daa_ aeV$48+i*.$*($Daaa$+(,$BCCBV$!08U#9$*($BCCDV$+(,$
@8030+9$*($BCCBFQ$H($)+(9$'?$;"#$.+;;#8$#R*5',#5V$'(#$'?$;"#$
5'08&#5$'?$,#S;I5#8T*&*(3$,*??*&0.;*#5$7+5$;"#$5"'8;$)+;08*;*#5$'?$
#W;#8(+.$'8$,')#5;*&$,#S;$'S.*3+;*'(5$'?$;"#$5'T#8#*3($'8$'?$;"#$
R8*T+;#$5#&;'8$O;"#$R8*T+;#$S+(U5$*($:'8#+V$?'8$#W+)R.#FV$8+;"#8$
;"+($#W&#55*T#$,#S;$+55'&*+;#,$7*;"$+$&.#+8$*(5'.T#(&9$5*;0+;*'(Q$$
O8#.+;*T#$;'$+$)#+508#$'?$;"#$+S*.*;9$;'$R+9V$50&"$+5$>E=F$*(&8#+5#$
;"#$R8'S+S*.*;9$'?$+$,#?+0.;$+(,$#(;89$*(;'$,#?+0.;Q$2#+508#5$'?$
*..*X0*,*;9V$R+8;*&0.+8.9$5"'8;I;#8)$,#S;$O8#.+;*T#$;'$?'8#*3($
8#5#8T#5FV$+(,$)#+508#5$'?$,#S;$5#8T*&*(3$'S.*3+;*'(5$+.5'$)+;;#8$
7"*.#$+55#55*(3$;"#$8*5U$'?$,#S;$&8*5#5V$&'(5*5;#(;$7*;"$;"#$T*#7$
;"+;$5')#$8#&#(;$&8*5#5$"+,$;'$,'$7*;"$.*X0*,*;9$+(,['8$;"#$
*(;#8+&;*'($'?$*..*X0*,*;9$+(,$*(5'.T#(&9Q$$
G;"#8$)+&8'#&'(')*&$T+8*+S.#5$7#8#$+.5'$5*3(*?*&+(;$?+&;'85$
&'(;8*S0;*(3$;'$;"#$,#S;$&8*5#51$&088#(;$+&&'0(;$*)S+.+(&#5g$.'7$
;8+,#$'R#((#55g$;*3";$.*X0*,*;9$+(,$)'(#;+89$&'(,*;*'(5g$)'(#;+89$
)*5)+(+3#)#(;$O*($;"#$?'8)$'?$"*3"$*(?.+;*'(Fg$R'.*&9$0(&#8;+*(;9$
O*($;"#$?'8)$'?$"*3"$T'.+;*.*;9$'?$*(?.+;*'(Fg$+(,$R'.*;*&+.$
0(&#8;+*(;9$.#+,*(3$;'$#&'(')*&$0(&#8;+*(;9$O9#+85$'?$R8#5*,#(;*+.$

17. #.#&;*'(5FQ$6)'(3$;"#$?*5&+.$T+8*+S.#5V$'(.9$;"#$8+;*'$'?$R0S.*&$,#S;$
;'$8#T#(0#$"+5$5')#$R8#,*&;*T#$R'7#8Q$$
!"#$*(;8',0&;*'($'?$;"#$#08'$*($Daaa$S8'03";$+S'0;$+$8+,*&+.$
(+88'7*(3$'?$*(;#8#5;$8+;#$,*??#8#(;*+.5Q$!"*5$*($;08($3#(#8+;#,$8#+.$
#5;+;#$S0SS.#5$*($&'0(;8*#5$.*U#$-R+*(V$>8##&#V$+(,$H8#.+(,Q$H(5;#+,$
'?$;"#$&'(T#83#(&#$R8#5&8*S#,$S9$;"#$2++5;8*&";$!8#+;9V$;"#5#$
&'0(;8*#5$38#7$?+5;#8$+(,$,#T#.'R#,$;8+,#$,#?*&*;5$7*;"*($;"#$%08'$
i'(#V$7"*.#$>#8)+(9$8#*3(#,$*($*;5$.+S'08$&'5;5V$S#&+)#$)'8#$
&')R#;*;*T#V$+(,$,#T#.'R#,$+$&"8'(*&$;8+,#$508R.05Q$$
!'$)+U#$)+;;#85$7'85#V$5')#$'?$;"#5#$&'0(;8*#5V$)'5;$(';+S.9$
>8##&#V$8+($S0,3#;$,#?*&*;5$;"+;$#W&##,#,$;"#$.*)*;5$5#;$S9$;"#$
2++5;8*&";$!8#+;9Q$40;$;"#$,*5&'0(;$?+&*.*;9$'?$;"#$%08'R#+($
/#(;8+.$4+(U$+..'7#,$;"#)$;'$&'(;*(0#$S'88'7*(3$+;$R8+&;*&+..9$
;"#$5+)#$8+;#5$+5$>#8)+(9V$8#.*#T*(3$;"#)$'?$+(9$R8#5508#$;'$
&'88#&;$;"#*8$#W&#55#5Q$$
d"+;$?*(+..9$S8'03";$+S'0;$;8'0S.#$?'8$>8##&#$+(,$';"#8$#08'$i'(#$
&'0(;8*#5$7+5$;"#$i#8'$*(;#8#5;$8+;#$R'.*&9$'?$;"#$M#,$+(,$5.*3";.9$
"*3"#8$8+;#5$S9$;"#$%/Q$!"#5#$R'.*&*#5$#(&'08+3#,$5R#&0.+;*'($+(,$
&+05#,$R8'S.#)5$;"+;$7'0.,$"+T#$(#T#8$"+RR#(#,$';"#87*5#Q$H($
+,,*;*'(V$;"#$5;*)0.05$)#+508#5$S9$S';"$S+(U5$7#8#$#)S+8U#,$
0R'($;'$5+T#$;"#$?*(+(&*+.$5#&;'85$+(,$*($;"+;$R8'&#55$R8')';#$
5R#&0.+;*'($S9$;"#$R#'R.#$7"'$&+05#,$;"#5#$R8'S.#)5$*($;"#$?*85;$
R.+&#Q$-')#$'?$;"#$?+*.08#$;'$3*T#$5;8'(3$#+8.9$7+8(*(3$5*3(+.5$7+5$
,0#$;'$;"#$)*5.#+,*(3$5;+;*5;*&5$R8',0&#,$S9$>8##U$+0;"'8*;*#5V$
7"*&"$38#+;.9$0(,#85;+;#,$;"#$5*i#5$'?$*;5$?*5&+.$,#?*&*;5Q$H(,##,$*;$
7+5$;"#$50S5;+(;*+.$8#T*5*'($'?$;"#5#$5;+;*5;*&5$+(,$R8'Z#&;*'(5$S9$
;"#$(#7$>8##U$3'T#8()#(;$;"+;$7+5$;"#$*))#,*+;#$;8*33#8$'?$;"#$
&088#(;$&8*5*5Q$$
S';"$?*5&+.$+(,$&088#(;$
+&&'0(;$ $+(,$;"*5$R8'S.#)$#W;#(,5$;'$+$(0)S#8$'?$';"#8$#08'$
&'0(;8*#5Q$!"*5$"+5$S##($3#(#8+..9$8#&'3(*i#,$7*;"$8#5R#&;$;'$;"#$
?*5&+.$R8'S.#)5$+(,$8#50.;*(3$*($50S5;+(;*+.$*(&8#+5#5$*($;"#$8*5U$
R8#)*#8$'($R0S.*&$,#S;$*($&'0(;8*#5$50&"$+5$='8;03+.$+(,$-R+*(V$+$
?+8$?8')$*88+;*'(+.$&'(;+3*'($?8')$;"#$7+U#I0R$&+..$'?$;"#$>8##U$
&8*5*5Q$$
!"#$?+*.08#$'?$)+(9$%08'$i'(#$&'0(;8*#5$;'$,#T#.'R$+,#X0+;#$
*(;#8(+.$+,Z05;)#(;$)#&"+(*5)5$*5$+;$.#+5;$+5$*)R'8;+(;$+$?+&;'8$

18. S#"*(,$;"#$&088#(;$&8*5*5$+5$;"#$,#S;$R8'S.#)Q$!"#$;7'$R8'S.#)5$
+8#$;'$5')#$#W;#(;$8#.+;#,Q$!"#$.+&U$'?$*(;#8(+.$+,Z05;)#(;$
)#&"+(*5)5$8#T#+.5$*;5#.?$*($.'55$'?$&')R#;*;*T#(#55V$+($
+RR8#&*+;*(3$8#+.$#W&"+(3#$8+;#$+(,$+$&088#(;$+&&'0(;$,#?*&*;Q$
%WR+(5*'(+89$?*5&+.$R'.*&9$*5$05#,$;'$,+)R#($#)R.'9)#(;$#??#&;5$
+(,$&'(;8*S0;#5$;'$;"#$,#S;$R8'S.#)Q$$
$
05%"&')%-#%.#'(/#3+)4)4##
6)#8*&+V$*;$5;+8;#,$5R8#+,*(3$;'$%08'R#$8+R*,.9$+(,$?*85;.9$&+05*(3$
&'..+R5#5$ *($ ;"#$ S+(U*(3$ 595;#)$ '?$ H&#.+(,$ *($ BCCe$ +(,$ ;"#($
3'T#8()#(;$ ,#?*&*;5$ +(,$ ,#S;$ .#T#.5$ *($ %08'R#V$ 8#50.;*(3$ *($
S+*.'0;5$'?$>8##&#V$='8;03+.$+(,$H8#.+(,Q$M8+(&#V$-R+*(V$H;+.9$+(,$
>8#+;$48*;+*($+(,$';"#8$%08'R#+($&'0(;8*#5$"+T#$+.5'$#WR#8*#(&#,$
#&'(')*&$,#?*&*;5Q$
H($E#&#)S#8$BCCeV$%@$.#+,#85$+38##,$'($+$BCC$S*..*'(I#08'$R.+($;'$
"#.R$S''5;$%08'R#+($38'7;"$?'..'7*(3$;"#$3.'S+.$?*(+(&*+.$&8*5*5Q$
H($6R8*.$BCCa$;"#$%@$'8,#8#,$M8+(&#V$-R+*(V$;"#$H8*5"$N#R0S.*&$+(,$
>8##&#$;'$8#,0&#$;"#*8$S0,3#;$,#?*&*;5$I$;"#$,*??#8#(&#$S#;7##($
;"#*8$5R#(,*(3$+(,$;+W$8#&#*R;5Q$H($G&;'S#8$BCCaV$+)*,$)0&"$+(3#8$
;'7+8,5$;"#$R8#T*'05$3'T#8()#(;$'T#8$&'880R;*'($+(,$5R#(,*(3V$
>#'83#$=+R+(,8#'05$-'&*+.*5;5$7'($+($#)R"+;*&$5(+R$3#(#8+.$
#.#&;*'($T*&;'89$*($>8##&#Q$
H($E#&#)S#8$BCCaV$>8##&#$+,)*;;#,$;"+;$*;5$,#S;5$"+,$8#+&"#,$
^CCS($%08'5$I;"#$"*3"#5;$*($)',#8($"*5;'89Q$>8##&#$7+5$S08,#(#,$
7*;"$,#S;$+)'0(;*(3$;'$DD^`$'?$>E=$I$(#+8.9$,'0S.#$;"#$#08'$
i'(#$.*)*;$'?$hC`Q$N+;*(35$+3#(&*#5$5;+8;#,$;'$,'7(38+,#$>8##U$
S+(U$+(,$3'T#8()#(;$,#S;Q$6($%@$8#R'8;$&'(,#)(#,$f5#T#8#$
*88#30.+8*;*#5f$*($>8##U$+&&'0(;*(3$R8'&#,08#5Q$>8##&#5$S0,3#;$
,#?*&*;$*($BCCa$7+5$8#T*5#,$0R7+8,5$;'$DBQ_`V$?8')$^Q_`V$+(,$)'8#$
;"+($?'08$;*)#5$;"#$)+W*)0)$+..'7#,$S9$%@$80.#5Q$$
H($M#S80+89$BCDCV$>8##&#$0(T#*.#,$+$5#8*#5$'?$+05;#8*;9$)#+508#5$
+*)#,$+;$&08S*(3$;"#$,#?*&*;Q$/'(&#8($5;+8;5$;'$S0*.,$+S'0;$+..$;"#$

19. "#+T*.9$*(,#S;#,$&'0(;8*#5$*($%08'R#$I$='8;03+.V$H8#.+(,V$>8##&#$
+(,$-R+*(Q$G($DD$M#S80+89$BCDCV$;"#$%@$R8')*5#,$;'$+&;$'T#8$
>8##U$,#S;5$+(,$+5U#,$>8##&#$;'$)+U#$?08;"#8$5R#(,*(3$&0;5Q$!"#$
+05;#8*;9$R.+(5$5R+8U#,$5;8*U#5$+(,$8*';5$*($;"#$5;8##;5Q$
H($6R8*.$BCDCV$?'..'7*(3$7'85#(*(3$?*(+(&*+.$)+8U#;5$+(,$)'8#$
R8';#5;5V$#08'$i'(#$&'0(;8*#5$+38##,$;'$R8'T*,#$0R$;'$^CS($%08'5$
*($#)#83#(&9$.'+(5Q$>8##U$S'88'7*(3$&'5;5$8#+&"#,$9#;$?08;"#8$
8#&'8,$"*3"5Q$!"#$%@$+(('0(&#,$;"+;$;"#$>8##U$,#?*&*;$7+5$#T#($
7'85#$;"+($;"'03";$+?;#8$8#T*#7*(3$*;5$+&&'0(;5$I$D^Qh`$'?$>E=V$
(';$DBQ_`Q$M*(+..9V$'($B$2+9V$;"#$#08'$i'(#$)#)S#85$+(,$;"#$H2M$
+38##,$'($+($DDCS(I#08'$S+*.'0;$R+&U+3#$;'$8#5&0#$>8##&#V$
?'..'7*(3$7"*&"$+$S+*.'0;$R+&U+3#$;'$;"#$H8*5"$N#R0S.*&$O;';+..*(3$
eYS($%08'5F$7+5$+.5'$+38##,$0R'(Q$G($D$]+(0+89$BCDDV$%5;'(*+$
Z'*(#,$;"#$#08'V$;+U*(3$;"#$(0)S#8$'?$&'0(;8*#5$7*;"$;"#$5*(3.#$
&088#(&9$;'$D_Q$
H($M#S80+89$BCDDV$#08'$i'(#$?*(+(&#$)*(*5;#85$5#;$0R$+$
R#8)+(#(;$S+*.'0;$?0(,V$&+..#,$;"#$%08'R#+($-;+S*.*;9$2#&"+(*5)V$
7'8;"$+S'0;$YCCS($%08'5Q$H($2+9V$;"#$#08'$i'(#$+(,$;"#$H2M$
+RR8'T#,$+$_eS(I#08'$S+*.'0;$?'8$='8;03+.Q$
H($]0.9$BCDDV$;"#$>8##U$R+8.*+)#(;$T';#,$*($?+T'08$'?$+$?8#5"$8'0(,$
'?$,8+5;*&$+05;#8*;9$)#+508#5V$;"#$%@$+RR8'T#,$;"#$.+;#5;$;8+(&"#$
'?$;"#$>8##U$.'+(V$7'8;"$DBS($%08'5Q$6$5#&'(,$S+*.'0;$?'8$>8##&#$
7+5$+38##,$0R'($?'8$DCaS(I#08'Q$
H($60305;$BCDDV$;"#$9*#.,5$'($3'T#8()#(;$S'(,5$?8')$-R+*($+(,$
H;+.9$8'5#$5"+8R.9$I$+(,$>#8)+(95$?#..$;'$8#&'8,$.'75$I$+5$*(T#5;'85$
,#)+(,#,$"03#$8#;08(5$;'$S'88'7Q$
E08*(3$-#R;#)S#8V$-R+*($R+55#,$+$&'(5;*;0;*'(+.$+)#(,)#(;$;'$
+,,$*($+$f3'.,#($80.#Vf$U##R*(3$?0;08#$S0,3#;$,#?*&*;5$;'$+$5;8*&;$
.*)*;Q$H;+.9$R+55#,$+$YCS(I#08'$+05;#8*;9$S0,3#;$;'$S+.+(&#$;"#$
S0,3#;$S9$BCD^$+?;#8$7##U5$'?$"+33.*(3$*($R+8.*+)#(;Q$!"#8#$7+5$
?*#8&#$R0S.*&$'RR'5*;*'($;'$;"#$)#+508#5$I$+(,$5#T#8+.$U#9$
)#+508#5$7#8#$7+;#8#,$,'7(Q$$

20. !"05V$*;$*5$+RR+8#(;$;"+;$;"#$3.'S+.$8#&#55*'($*)R+&;#,$+(,$
R#8"+R5$5##($;"#$.+83#5;$#??#&;$?8')$;"#$3.'S+.$8#&#55*'($S#&+05#$'?$
;"#$%08'R#+($@(*'($+(,$;"#$?+&;$;"+;$5*W;##($'?$*;5$;7#(;9I5#T#($
)#)S#8$5;+;#5$5"+8#$;"#$5+)#$&088#(&9Q$!"*5$+.'(#$)#+(5$;"+;$*?$
;"#$#&'(')9$'?$'(#$)#)S#8$'?$;"#$%08'Ii'(#$7'0.,$50??#8$;"#($*;$
7'0.,$&+05#$+$,')*('$#??#&;$S#&+05#$;"#$T+.0#$+(,$&8#,*S*.*;9$'?$
;"#$#08'$7'0.,$,#&.*(#V$+(,$+5$+$8#50.;V$*(,*T*,0+.$5;+;#5$(##,$;'$
;+U#$T+8*'05$+&;*'(5$;'$5;+S*.*i#$;"#*8$*(,*T*,0+.$#&'(')*#5Q$$
6+/4/-'#789#41/-8+)%4#.%+#0&+%#:%-/#1%&-'+)/4#
#
605;8*+1$>E=$8'5#$CQB`$*($kD$BCDB$+?;#8$;7'$X0+8;#85$'?$#??#&;*T#$
5;+3(+;*'(V$S0;$8#&#(;$R+8;*+.$,+;+$5033#5;5$;"+;$38'7;"$)+9$"+T#$
7#+U#(#,$5*(&#$;"#(Q$!"#$50S5;+(;*+.$+05;#8*;9$R+&U+3#$O+*)#,$+;$5+T*(3$
aQ^`$'?$BCDD$>E=$0(;*.$BCDhF$&+)#$*(;'$#??#&;$*($2+9Q$$
4#.3*0)
'?$CQD`$*($kD$BCDBV$;"+(U5$;'$0(#WR#&;#,$5;8#(3;"$*($#WR'8;5Q$40;$
I;#8)$38'7;"$R8'5R#&;5$8#)+*($7#+U$ $8#?'8)5$+8#$
(##,#,$;'$.*?;$R';#(;*+.$38'7;"$+S'T#$DQY`Q$H($+,,*;*'(V$4#.3*0)5$"*3"$
,#S;$5;'&U$.#+T#5$*;$#WR'5#,$;'$+$8*5#$*($*(T#5;'8$8*5U$+T#85*'(Q$2'8#$
?*5&+.$)#+508#5$)+9$S#$(##,#,$;'$U##R$;"#$,#?*&*;$'($;8+&U$+(,$R8';#&;$
4#.3*0)$?8')$8*5*(3$S'88'7*(3$&'5;5Q$$
%5;'(*+1$6$5"+8R$;8+,#I Qh`$
>E=$38'7;"Q$<'7#T#8V$,')#5;*&$,#)+(,$*5$"'.,*(3$0RV$7"*&"$5"'0.,$
U##R$%5;'(*+$&.#+8$'?$8#&#55*'($;"*5$9#+8Q$
M*(.+(,1$!"#$R#8?'8)+(&#$'?$;"#$M*((*5"$#&'(')9$+;$;"#$5;+8;$'?$;"#$9#+8$
7+5$S#;;#8$;"+($#WR#&;#,Q$>E=$38#7$S9$+$5;8'(3$CQe`$'($;"#$X0+8;#8$*($
kD$BCDBQ$2'8#$*)R'8;+(;.9V$M*(.+(,$"+5$+$5;+S.#$?*(+(&*+.$595;#)$+(,$
"#+.;"9$?*5&+.$+&&'0(;5V$7"*&"$5"'0.,$#(+S.#$;"#$+0;"'8*;*#5$;'$R8'T*,#$
+,,*;*'(+.$50RR'8;$*?$(##,#,Q$!*3";$&8#,*;$&'(,*;*'(5$+&8'55$;"#$8#3*'(V$
&'0R.#,$7*;"$.'7$S05*(#55$&'(?*,#(&#V$)#+($;"+;$%08'R#+($?*8)5$+8#$

21. .*U#.9$;'$&'(;*(0#$;'$,#.+9$*(T#5;)#(;V$"*;;*(3$,#)+(,$?'8$;"#$&+R*;+.$
3'',5$*($7"*&"$M*(.+(,$5R#&*+.*i#5Q$
>8##&#1$6?;#8$+$R#8*',$'?$R'.*;*&+.$0(&#8;+*(;9V$;"#$&#(;#8I8*3";$A#7$
E#)'&8+&9$OAEF$R+8;9$7'($+$(+88'7$T*&;'89$'T#8$;"#$+(;*IS+*.'0;$
-98*i+$R+8;9$+;$#.#&;*'(5$"#.,$'($D_$]0(#Q$!"#$R'.*;*&+.$5*;0+;*'($*($>8##&#$
"+5$('7$5;+S*.*i#,$*($;"#$(#+8$;#8)V$S0;$;"#$(#7$>'T#8()#(;$?+&#5$"03#$
&"+..#(3#5$+"#+,Q$6.;"'03"$;"#$(#7$>'T#8()#(;$(')*(+..9$50RR'8;5$
;"#$;#8)5$'?$;"#$S+*.'0;$R8'38+)V$;"#$+05;#8*;9$)#+508#5$+8#$#W;8#)#.9$
0(R'R0.+8$*($>8##&#V$+(,$#T#($AE$"+5$R8')*5#,$;'$8#(#3';*+;#$5')#$'?$
;"#$;#8)5$'?$;"#$R8'38+)Q$H;5$0(R'R0.+8*;9$*5$(';$508R8*5*(3V$+5$;"#$
)#+508#5$"+T#$R.0(3#,$;"#$#&'(')9$*(;'$+$8#&#55*'(Q$2'8#'T#8V$>8##&#$
?+&#5$5#T#8+.$)'8#$9#+85$'?$+05;#8*;9$*($'8,#8$;'$S8*(3$*;5$,#S;[>E=$8+;*'$
,'7(V$S0;$;"*5$7*..$?08;"#8$7#+U#($;"#$,')#5;*&$#&'(')9Q$6$>8##U$
&'0(;8*#5V$50&"$+5$='8;03+.$+(,$-R+*(V$;'$#W*;$+5$7#..Q$-0&"$+($#T#(;$
7'0.,$S#$&+;+5;8'R"*&$?'8$;"#$%08'i'(#Q$
H8#.+(,1$H($;"#$R+5;$?#7$9#+85V$H8#.+(,$"+5$5;#+,*.9$*)R.#)#(;#,$?*5&+.$
+(,$5;80&;08+.$8#?'8)5V$;"05$)+(+3*(3$;'$8+*5#$&')R#;*;*T#(#55$+(,$3#;$
+$38*R$'($R0S.*&$?*(+(&#5Q$<'7#T#8V$H8*5"$#WR'8;5$&'(;*(0#$;'$'0;R#8?'8)$
+(,V$7*;"$,')#5;*&$,#)+(,$.*U#.9$;'$U##R$?+..*(3$*($BCD^V$;"#$8#&'T#89$*5$
#WR#&;#,$;'$S#$,8*T#($#(;*8#.9$S9$(#;$;8+,#Q$
M8+(&#1$!"#$(#7$>'T#8()#(;$?+&#5$+$&"+..#(3*(3$#&'(')*&$
#(T*8'()#(;Q$H;$*5$#55#(;*+.$;"+;$M8+(&#$R0850#5$*;5$#??'8;5$;'$8#,0&#$*;5$
R0S.*&$,#?*&*;$+(,$,#S;$*($'8,#8$;'$5#&08#$+$.'7$&'5;$'?$,#S;$?*(+(&#Q$
M8+(&#$+.8#+,9$8+(U5$+)'(3$;"#$;'R$#&'(')*#5$*($5')#$U#9$+5R#&;5$;"+;$
*(?.0#(&#$"*8*(3$+(,$*(T#5;)#(;$,#&*5*'(5V$50&"$+5$;+W$;8#+;)#(;$'($
8#5#+8&"$+(,$"*3"$R8',0&;*T*;9$R#8$"'08Q$%??'8;5$;'$)+U#$*;$#+5*#8$;'$
&8#+;#$S05*(#55#5$+(,$;'$8#,0&#$#)R.'9)#(;I8#.+;#,$8#,$;+R#$7'0.,$
"#.R$;'$8+*5#$*(T#5;)#(;$+(,$Z'S$&8#+;*'(Q$
>#8)+(91$6?;#8$&'(;8+&;*(3$S9$CQB`$*($kb$BCDDV$;"#$>#8)+($#&'(')9$
"+5$+&&#.#8+;#,$+3+*(V$7*;"$X0+8;#8.9$38'7;"$'?$CQY`$*($kD$BCDBQ$40;$*?$
;"#$#&'(')9$*5$;'$&'(;*(0#$38'7*(3V$?*(+(&*+.$5;+S*.*;9$*($;"#$%08'$i'(#$
)05;$S#$5#&08#,$+(,$>#8)+(9$)05;$"#.R$+,,8#55$;"#$38'7;"$&"+..#(3#5$

22. ?+&*(3$;"#$8#3*'(Q$G(#$7+9$*($7"*&"$>#8)+(9$&'0.,$+55*5;$*($;"*5$
R8'&#55$7'0.,$S#$S9$;'.#8+;*(3$?+5;#8$7+3#$38'7;"$+(,$"#(&#$"*3"#8$
*(?.+;*'(Q$!"#$)+*($8*5U$?+&*(3$;"#$>#8)+($#&'(')9$*5$+($*(;#(5*?*&+;*'($
'?$;"#$%08'$i'(#$&8*5*5V$7"*&"$7'0.,$"+T#$+($*)R+&;$,*8#&;.9$;"8'03"$
;8+,#$+(,$?*(+(&*+.$&"+((#.5V$+(,$*(,*8#&;.9$S9$5(0??*(3$'0;$;"#$8#&'T#89$
*($S05*(#55$+(,$&'(50)#8$&'(?*,#(&#Q$H?$;"#5#$,'7(5*,#$8*5U5$
)+;#8*+.*i#V$;"#($>#8)+(9$7*..$S#$*($;"#$#(T*+S.#$R'5*;*'($'?$S#*(3$+S.#$
;'$+??'8,$;'$#+5#$?*5&+.$R'.*&9$*($8#5R'(5#Q$>#8)+(5V$"'7#T#8V$8#5#(;$;"#$
?+&;$;"+;$;"#$R#8&#*T#,$5.'RR*(#55$'?$;"#$=HH>-$*5$S#*(3$R+*,$?'8$?8')$
;"#*8$R'&U#;5Q$
/9R805$I$<+T*(3$)'T#,$*(;'$8#&#55*'($*($<B$BCDDV$>E=$&'(;*(0#,$;'$?+..$
*($kD$BCDB$+5$7#+U$%08'$i'(#$,#)+(,$7#*3"#,$'($#WR'8;5V$+(,$;"#$
&08S#,$*(T#5;)#(;Q$!"#$>8##U$,#S;$78*;#I,'7($"+5$.#?;$/9R8*';$S+(U5$
(##,*(3$;'$8+*5#$)'8#$&+R*;+.V$7"*&"$7*..$8#5;8+*($(#7$.#(,*(3$+(,$
8#X0*8#$+55#;$,*5R'5+.5Q$!"#$>'T#8()#(;$"+5$?'8)+..9$8#X0#5;#,$+($%@$
S+*.'0;$;'$"#.R$5"'8#$0R$*;5$S+(U5Q$
$
H;+.91$E')#5;*&$,#)+(,$"+5$S##($"*;$S9$?*5&+.$+05;#8*;9$+(,$;*3";$&8#,*;$
&'(,*;*'(5V$7"*.#$#W;#8(+.$,#)+(,$8#)+*(5$50S,0#,Q$!"#$,')#5;*&$
R'.*;*&+.$'0;.''U$"+5$7'85#(#,$?'..'7*(3$;"#$.'&+.$#.#&;*'(5$*($2+9V$
*(&8#+5*(3$;"#$8*5U$;"+;$8#?'8)5$7*..$S#$R'5;R'(#,Q$!"*5V$&'0R.#,$7*;"$
;"#$7'85#(*(3$,#S;$&8*5*5$*($;"#$%08'$i'(#V$8#50.;#,$*($+$5*3(*?*&+(;$8*5#$
*($3'T#8()#(;$S'(,$9*#.,5V$+5$7#..$+5$+$5"+8R$,8'R$*($&'(50)#8$+(,$
S05*(#55$&'(?*,#(&#Q$
K0W#)S'0831$6.;"'03"$R8#5#(;.9$8#.+;*T#.9$5;+S.#V$K0W#)S'083$&'0.,$
S#$"*;$"+8,$S9$?08;"#8$?*(+(&*+.$&'(;+3*'($?8')$;"#$>8##U$&8*5*5Q$6(,$
;"#8#$+8#$+.5'$8#30.+;'89$8*5U5$+8*5*(3$?8')$@-$+(,$%@$R'.*&9I
8#+&;*'(5$;'$;"#$&8*5*5Q$!"#5#$&'0.,$.#+,$;'$8#5;8*&;*'(5$'($;"#$"*3"I9*#.,$
38'7;"Q$

23. 2+.;+1$!"#$>'T#8()#(;$U#R;$;"#$?*5&+.$,#?*&*;$S#.'7$^`$'?$>E=$*($BCDDV$
7"*.#$)+*(;+*(*(3$38'7;"$*($;"#$?*(+(&*+.$5#8T*&#5$*(,05;89Q$$
A#;"#8.+(,51$!"#$'0;.''U$?'8$;"#$E0;&"$#&'(')9$"+5$7'85#(#,$
5*3(*?*&+(;.9$'T#8$;"#$R+5;$;"8##$)'(;"5V$7*;"$+,,*;*'(+.$+05;#8*;9$
)#+508#5$,#(;*(3$;"#$38'7;"$?'8#&+5;$+(,$;"#$&'..+R5#$'?$;"#$
>'T#8()#(;$R8'T*,*(3$+($#W;8+$.+9#8$'?$0(&#8;+*(;9$'T#8$;"#$?0;08#$
,*8#&;*'($'?$R'.*&9Q$$
='8;03+.1$$E8+&'(*+($+05;#8*;9$)#+508#5$+8#$;+U*(3$+$5#T#8#$;'..$'($;"#$
.+S'08$)+8U#;Q$!"#$0(#)R.'9)#(;$8+;#$"+5$8*5#($S9$+.)'5;$^`$'T#8$;"#$
R+5;$9#+8$+(,$8#+.$*(&')#5$+8#$,#&.*(*(3$5"+8R.9Q$!"#$>'T#8()#(;$"+5$
)+,#$3'',$"#+,7+9$*($*)R.#)#(;*(3$#&'(')*&$8#?'8)5V$;"05$#+8(*(3$
R8+*5#$?8')$;"#$%@$+(,$H2M$*($;"#*8$.+;#5;$8#T*#7Q$<'7#T#8V$;"#$7#+U$
38'7;"$'0;.''UV$8#&#(;$#5&+.+;*'($'?$;"#$%08'$i'(#$&8*5*5$+(,$
3'T#8()#(;$S'(,$9*#.,5$;8+,*(3$+;$'T#8$DB`$)+U#$;"#$&"+(&#5$'?$
='8;03+.$8#;08(*(3$;'$?*(+(&*+.$)+8U#;5$'($5&"#,0.#$*($BCD^$T#89$5)+..Q$
-.'T+U*+
S0,3#;$,#?*&*;$?8')$bQe`$'?$>E=$*($BCDD$;'$S#.'7$^`$*($BCD^$*($'8,#8$;'$
)##;$;"#$;+83#;5$+38##,$S9$%08'R#+($.#+,#85Q$>*T#($;"#$7#+U$#&'(')9V$
+(,$;"#$8#.+;*T#.9$5;+S.#$?*5&+.$R'5*;*'(V$;"#$>'T#8()#(;$)+9$(##,$;'$
8#&'(5*,#8$;"#$R+&#$'?$;"#$?*5&+.$&'(5'.*,+;*'(Q$
-.'T#(*+1$$%W;#(5*T#$?0(,I8+*5*(3$*($BCDD$)#+(;$;"#$+0;"'8*;*#5$&'0.,$
8#&#R;*'($7*..$S#$+($#+8.9$;#5;$'?$)+8U#;$&'(?*,#(&#$*($;"#$(#7$
(##,$;'$8+*5#$+,,*;*'(+.$&+R*;+.$S9$+($+)'0(;$#W&##,*(3$D`$'?$>E=$?'8$
;"#$5#&;'8$+5$+$7"'.#Q$$
-R+*(1$>8'7*(3$R8'S.#)5$*($;"#$-R+(*5"$S+(U*(3$5#&;'8$"+T#$S#&')#$
;"#$?'&+.$R'*(;$'?$*(T#5;'8$&'(&#8(5Q$!"#$>'T#8()#(;$"+5$8#X0#5;#,$+$
S0;$*(T#5;'85$5;*..$?#+8$;"#$(##,$?'8$+($#T#($.+83#8$8#5&0#$R+&U+3#Q$-R+*($
*5$?+&*(3$+$,##R$?*5&+.$8#;8#(&")#(;$;"+;$7*..$,#R8#55$,')#5;*&$,#)+(,$
*($;"#$(#+8$;#8)Q$$

24. $
$
;&/4')%-4#8#</4%"&')%-#=&4'#!-4>/+#
?;!<=!@#
GT#8$;"#$9#+85V$-'T#8#*3($,#S;I5#8T*&*(3$,*??*&0.;*#5$"+T#$;+U#($,*??#8#(;$
?'8)5V$?8')$'0;8*3";$,#?+0.;$'($,')#5;*&$+(,$#W;#8(+.$,#S;$;'$
8'..'T#8[.*X0*,*;9$&8*5#5Q$A'$)+;;#8$7"+;$?'8)$5'T#8#*3($,#S;$&8*5#5$
+,'R;V$;"#$*)R.*&+;*'(5$'?$50&"$+8#$&+;+5;8'R"*&Q$$
d*;"$#T#89$?+*.#,$+;;#)R;$'?$;"#$%08'R#+($/#(;8+.$4+(U$O%/4F$;'$#+5#$
;"#$'(3'*(3$,#S;$&8*5#5V$&'(&#8(5$?8')$;"#$*(;#8(+;*'(+.$&'))0(*;9$
"+T#$)'0(;#,Q$@(.#55$&'(;8'..#,$;"*5$&8*5#5$)+9$8#50.;$*($3.'S+.$
)#.;,'7(V$(';$;'$+,,$?+*.08#$'?$;"#$.+83#5;$#&'(')9$'?$;"#$7'8.,Q$
!"#8#?'8#$'(#$"+5$;'$0(,#85;+(,$;"+;V$*)R.*&+;*'(5$'?$5'T#8#*3($,#S;$
&8*5#5$&+($;08($'0;$;'$S#$#W;8#)#.9$&+;+5;8'R"*&$?'8$#&'(')*#5$'?$;"#$
7'8.,Q$$
!"#$3.'S+.$?*(+(&*+.$595;#)$*5$*(;#8&'((#&;#,V$7"*&"$)#+(5$;"+;$*?$'(#$
(+;*'($,#?+0.;5$'($*;5$5'T#8#*3($,#S;$'8$#(;#85$*(;'$8#&#55*'($;"+;$R.+&#5$
5')#$'?$;"#$#W;#8(+.$R8*T+;#$,#S;$+;$8*5U$+5$7#..V$;"#$S+(U*(3$595;#)5$'?$
&8#,*;'8$(+;*'(5$?+&#$.'55#5Q$N#?#88#,$;'$+5$?*(+(&*+.$&'(;+3*'(V$;"*5$&'0.,$
"+T#$+$,')*('$#??#&;$'($3.'S+.$)+8U#;5Q$d*;"$+&;*T#$,#8*T+;*T#$)+8U#;V$
;"#$8*5U$'?$)#.;,'7($*5$)+3(*?*#,Q$!"#8#?'8#V$*;$*5$*)R#8+;*T#$;'$*(&.0,#$
;"#$?'..'7*(3V$+)'(3$';"#85V$*($9'08$,#.*S#8+;*'(5$*($&'0(&*.$+5$7#..$+5$
7*;"*($;"#$8#5'.0;*'(51$$
#
/+($;"#$#08'$i'(#$508T*T#j$
<'7$5"'0.,$;"#$%@$8#5'.T#$;'$5;80&;08#$*;5$+*,$+(,$S+*.'0;$
R+&U+3#5$;'$8#5;'8#$*(T#5;'8$?+*;"j$
-"'0.,$#&'(')*&+..9$;8'0S.#,$(+;*'(5$S#$7*;",8+7($?8')$;"#$
%08'$P'(#j$
d"+;$+8#$;"#$8#R#8&055*'(5$'?$;"#$S8#+U,'7($'?$;"#$&088#(&9j$

25. 68#$&088#(;$.+7$595;#)5$+(,$&'(;8+&;5$*($%08'R#$50*;+S.#$?'8$
?08;"#8$#&'(')*&$$
*(;#38+;*'(j$H?$(';V$7"+;$7'0.,$S#$;"#$)+*($,*??#8#(&#5$+(,$
&'(&#8(5$'?$&8#+;*(3$(#7$$
'(#5j$
d"+;$8'.#5$,'$'S5#8T#8$5;+;#5$+(,$('(I%08'R#+($&'0(;8*#5$R.+9$*($
?08;"#8$#&'(')*&$$
*(;#38+;*'(j$-"'0.,$+(9$8#30.+;*'(5$S#$R.+&#,$'($;"#)j$
#
!
#
#